Bitcoin Forum

Just took a little jump back to 2010 to look at what people were posting about. It kind of feels a bit sad now to jump back to the future and see every post about bitcoin as an investment. It would be nice to be in a time where people spoke and cared more about how to best progress the agenda rather than how to make a quick buck ;) Maybe after the inevitable big crash comes and the price stabilizes, who knows

You're right about that, it's an entirely different community now because of the money that is there to be made, most of the guys who were here for the tech are probably relaxing on a beach somewhere by now. You can go to certain sections of the forum and find lots of good threads to discuss things, serious/technical discussion would be a good start.

What makes you think that a lot of those people weren't also in it for the money? I would think that probably only the very first few users who joined this forum we're in it exclusively for the tech and the vast majority of people who signed up after 2012 were mostly in it for the cash. You can also be a fan of the tech whilst hoping to make a bit of money from it like I was.


Not necessarily. A lot of these people cashed out when bitcoin hit $1-100. Then even more at $1000. It's the ones that hodled and timed it right selling at the all time high that are probably on the beaches. I think the majority of posters now just dump their coins for cash as soon as they get it because for a lot of them it's seemingly paying their bills.

I think that very few people would have the patience required to wait from bitcoin prices rising from $1 to $20000 over the last few years. Some people would have sold at $100, $500, $1000 and so on. Very limited people could have imagined that it will reach $20000 one day.

It is hard to have that kind of vision in faith, especially when majority of the world is telling you that you are part of a scam and apart of a criminal system. Combine that with the fact it is a new asset class, you better believe some people are going to sell because they get scared and or don't understand the tech fully. Quite honestly, I don't blame them because I don't know what I would have done in that spot either.

Yep but they didn't need to be in from beginning to end to still be on the beaches somewhere. If they invested only around 10k then that would mean that each 100x we would have a whole new bunch of millionaires and then they could sell to the next lot of hopefuls. That means we've already had 3+ lots of millionaires using that logic.

...And yet still the discussion simply turns to how much money the pioneers would have made. No mention of what bitcoin technology has turned into over those last 8 years thanks to those pioneers and how much effort they've put in and most still continue to.

Well there are some of us that except making some side cash care about Bitcoin. I use it everyday in many different websites that accepts it and not only bitcoin or crypto related websites, now many traffic exchanges and ptc sites are accepting it. Also Steam used to accept it until fees got enormously big and it was forced to remove it. I have credit card and many privileges from my bank but I like to use bitcoin as I love paying anonymously and without control from a central authority. Sometimes my bank do not allow some of my transactions as they think that is not me doing them while it is me. Paying with bitcoin is a good way to get back some freedom in the financial world and it is thanks to blockchain technology that I can achieve this.

I also keep majority of my "bitcoin fortune" in my hardware wallet as I also believe it can be the investment which turn my life upside down in a certain moment during not a so distant future. For me bitcoin is "a financial and technological revolution of our century".

I've been going back to read the old posts from back in the day too. Sometimes I get a chuckle from people posting in 2010 calling themselves 'noobs.' Lol. It's an entirely different community now but I guess that's what happens when people see lots of money to be made...and we're all guilty. I guess.. It's so difficult to sift through all the pasts about money and really learn something valuable.

This is to be expected. Back in 2010, most of people here don't even think that BTC will make them rich in the future. They are just here to check the improvement of a decentralized coin that will provide them financial freedom one way or another. It's much like a hobby for them and something to do in their own accord at their own free time.

Right now, most of the people that got into BTCtalk aim to have the best possible profit out of BTC and other coins. They don't care about the technology anymore. They are just here to post and get paid for it. They buy BTC to trade it to other coins with the hope that it would triple or multiply by hundredfold in the coming days. The objective is very different and so the people too.

I thought of that just a while ago when I visited satoshi's posts.
It is all about bitcoin and upgrades and fixing it. There is not much about investing or something else. The real bitcoin discussion is there.
But you cannot help it. Bitcoin gained the value of something else and everything will change.
You will just have to go with the flow, it all changes when there is already money that is related with it.

Just focus on the future from here on.

I agree that a lot of the original posters probably cashed out long ago. I've met some who missed the chance to be millionaires by selling way too early. Many underestimated how far bitcoin and other cryptocurrencies would grow.

Yeah indeed and also, don't forget that in 2010 this forum was clean (no spammers, no and there were threads whose the replies pages were not exceding to 100+ and also they are not repetitive and not talking bitcoin as investment, as helping people, and price predictions (very inaccurate) just to pay the participant in his signature campaign.
you clearly don't understand the OP's post? He just saying the forum in 2010 is a lot different from this current state ok?

For me it is so interesting and fun to look back at the old,old posts when the first people were posting about the block chain.
i very much enjoy reading the old posts.

What are you saying? Bitcoin is the best investment of all time. I don't know if you just wanted to become a some sort of a "funny" guy in this forum. I don't really know what you're talking about either. People from the back, they were investing on bitcoin. So it is still an investment. The hell is your idea?

quite true because of the aggressive attack on crypto market all over the world which i hope will stop for ever
we cannot be thinking much about what's gonna happen next as for my self i still hope the crypto will dominate the world and be a better replacement for banks which i hate, but unfortunately the people who love corruption around the world won't let that happen very easily  because blockchain technology is pretty hard to corrupt but banks... ;D no need to talk about that because we all know

now indeed with the first in 2010.
the average person is now more concerned with their own circumstances than the circumstances in question.
let alone about the money, if money is definitely more people prioritize money first than anything else

yes, of course different, today I see many members chasing quantity, so they forget the quality of the post, but if you want more serious, then you better go to thread mining.

there you will find many professional members who contribute a lot to the world of crypto.

Yes, very different from the current crypto discussion with crypto discussion in 2010 and once in a while we really need to look back when most people who interact in this forum more lead to the improvement of crypto currency technology technology especially in terms of quality. and today most people tend to talk about money and money. But it can not be denied that crypto is an asset that has good potential so that people will now focus more on the discussion of the benefits that can be obtained from crypto.

Well it was worth a fraction of a cent to a few cents back then, and there wasn't a huge market for it. People were excited about the technology and I don't think many were able to foresee the massive explosion in value. Most people who were in it then were also more technologically inclined and had in-depth knowledge of how things worked under the hood.

That being said, I'd think it's natural for the talk of technology to dilute as it reaches more and more people who don't have in-depth knowledge of it. I mean sure, there are lots of talk about prices and such, but there's also talk about Lightning and the future beyond, etc. so it's not all bad. It sucks that there are people only in it for the money, but what can you do? Bitcoin thrives on inclusion after all.

You have to know that many people join cryptocurrencies for money, and so do me. All of us just want to live a better life. We also hope that cryptocurrencies will develop better, but in the conflict between the two, I believe most people will choose their own interests.

You cannot blame people if they are in here for money because that is precisely a necessity in life, majorly considering the global financial crisis almost all countries are experiencing as of writing. You see, even if governments and innovators will deter from Bitcoin later on and just utilize the blockchain technology it pioneered, it is still a win-win situation. Why? Because first, they have seen the need for change and development in the form of converting from traditional fiat currency to digital currency. Second, they can make a better one that substantially offers the same features but at the same time effectively regulated by governments. In both instances, we all surely win because we have successfully changed how the old system works. I hope, too, we agree with the fact that the Bitcoin we have now is not sustainable because of its extreme fragility.

It is correct that everyone related with bitcoins is concerned about money or profit only. For instance, the investors are not using it as a payment medium, they just want to accumulate all their coins. In such a situation, bitcoin will not survive for long term. Some of the exchanges have also become corrupt and are putting huge impractical fees on transactions. Those competition regarding getting the coins listed on popular exchanges are also being manipulated with bots and fake votes.

I agree with you and at the same time I feel guilty about how prefered to it as well today. Due to the sudden increase of its value on the last quarter of 2017, Bitcoin has changed its image since it unexpectedly provided a great income to this who have already been in Bitcoin for a long time.

Part of you might be sad because you hadn't joined in its prime. Don't worry there so many of us. Why not look at the bright side mate. This community already helped a lot of people and it is still. Let us be thankful with that.

don't look back.
Imagine if you buy 1k USD bitcoin in 2010, i bet you would sell it when the price double your asset.
And you regret you not holding it.
We will never enough if we don't thank to god what we achieved

The investment performance has been amazing, no doubt - I think you've missed my point. There's nothing inherently wrong with making money, or talking about it ;) Everyone likes to make money! It's just an observation about the difference in content is all.

Once you get a taste of 800% profits in a year, you want it to continue. Nobody turns their back on huge profits, but we also

have not sold out to it. Some of us still believe in the disruptive power that it has and how this is changing the financial

world. I think the tide turned, when we saw the competition using the technology to improve their business and to increase

their profits. The disruptive technology are not disrupting, rather improving the competition.  >:(

Yeah true, but this is the inevitable effect of the popularity. Especially when most people knew Bitcoin because media put it as "best investment in a year—10,000% gain!". I don't blame the media completely though, just thinking that this is simply inevitable. TBH people who complain and got worried about the price are kinda annoying though I mean hey this is not an investment, Bitcoin is an experimental project.

That's something new. I don't usually browse popular media so I didn't have a chance to see such headline. So far, I have seen articles that warned people against investing in Bitcoin since it's a bubble. No further explanation, just some opinion of "economist" who usually provides information for certain website.

While it is true that most of bitcointalk became bloated with huge amount of people who are spamming only because they want to earn money, there are still sections where you can find useful information and discuss with other, competent members.

expected. Back in 2010, most people here do not even think that BTC will make them rich in the future. They are only here to check for a decentralized increase in coins that will give them financial freedom in one way or another. It's like a hobby for them and something to do as they wish in their own leisure time. to get the best benefits from BTC and other coins. They do not care about the technology anymore. They're just here to send and get paid for it. They buy BTC to exchange it with other coins in the hope that it will triple or triple in the coming days.

The thing is, 2010 is really different from now, bitcoin was just a bit starting at that time so people were having a unite by how they will make bitcoin valuable or how they are going to encourage more people to invest, so sad to see right now but there is nothing we cannot do about it since we cannot control people.

The problem with people is that they talk bad about crypto when its bearish not even understanding the real concept of crypto been volatile and also invest in what you could afford to loose...

Yes it's the sadly truth, but the general quality is pretty bad. People abuse a lot of freedom of speech in this forum and post tons of spam. First solution is red tag spammer. Secondly merit system seems could give a first impact on post quality, doesn't bad at all...

E.g. some time ago Bitcoin Discussion was full of interesting discussion about fresh news and not just a wast of time like "how I can get 10 btc in 1 month"

I don't read popular media that often either but when a huge media like Forbes include such graph like this in their magazine, it was being repostes all over my social media feed.

https://b-i.forbesimg.com/kashmirhill/files/2013/12/investment-2013-chart.jpg

Mostly in technical though, like Mining and Bitcoin development.